-
U.S. Confirms 5 Cases of Coronavirus; 100 More Possible But Risk in U.S. Deemed Low
News – Insurance Journal Jan 26, 2020 | 21:14 pmFive people in the United States, all of whom recently traveled from Wuhan, China, have been diagnosed with the new coronavirus, officials of the federal Centers for Disease Control and Prevention said on Sunday. The count includes new patients identified[…]
Read more... -
SLTX: Surplus Lines Flood Insurance Premium Up in Texas over 5 Years
News – Insurance Journal Jan 24, 2020 | 12:20 pmSurplus lines flood insurance premium filed with the Surplus Lines Stamping Office of Texas (SLTX) has increased annually over the past five years, according to SLTX. Additionally, while NFIP premium dipped in 2017, it rose in 2018 and Texas premium[…]
Read more... -
California Clears Way for Those with Cannabis Convictions to Get Insurance Licenses
News – Insurance Journal Jan 24, 2020 | 12:01 pmCalifornia Insurance Commissioner Ricardo Lara today announced a measure that enables people with cannabis-related convictions to obtain an insurance license. Lara announced the California Department of Insurance will use its discretion in deciding whether to issue licenses to those with[…]
Read more... -
Workers’ Compensation Is Doing Well. Is It Time to Worry?
News – Insurance Journal Jan 24, 2020 | 11:56 amAlthough workers’ compensation results remain strong—and the line continues to outperform all other commercial insurance lines—worries about continued soft pricing and loss reserve levels for workers’ compensation specialists prompted a rating agency warning recently. “As rate levels continue to decline,[…]
Read more... -
Making Big Oil Pay for Climate Change May Be Impossible
News – Insurance Journal Jan 24, 2020 | 11:51 amExxon Mobil dodged a bullet last month when a judge rejected a novel climate-change lawsuit brought by New York’s attorney general. The case began with a promise from state officials that there would be a historic reckoning for the fossil[…]
Read more... -
2020 Agency Salary Survey: Tell Us What You Think
News – Insurance Journal Jan 24, 2020 | 11:17 amTotal compensation and salary adjustments on average fell slightly in agencies responding to the 2019 Agency Salary Survey – but that trend didn’t impact employee satisfaction. On average, employee satisfaction with compensation overall rose again in 2018. How will satisfaction[…]
Read more... -
$5.75M Settlement in California Over Marine Veteran’s Death
News – Insurance Journal Jan 24, 2020 | 11:00 amThe city of Los Angeles has agreed to pay $5.75 million to the parents of a Marine veteran who died after police jolted him six times with a stun gun during a 2014 confrontation. The City Council unanimously approved a[…]
Read more... -
California Governor Wants to Block PG&E’s Bankruptcy Plan
News – Insurance Journal Jan 24, 2020 | 10:58 amCalifornia Gov. Gavin Newsom is urging a federal judge to reject Pacific Gas and Electric’s blueprint for getting out of bankruptcy and renewing his threat to lead a bid to turn the beleaguered utility into a government-run operation. In a[…]
Read more... -
Entering and Exiting Digital: What’s Up with Multi-Brand Strategies of P/C Insurers?
News – Insurance Journal Jan 24, 2020 | 09:42 amTwo of the largest property/casualty insurers in the U.S., Allstate and Nationwide, made headlines recently when they announced shifts in their respective multi-brand portfolios. Faced with the prospect of staying relevant in an environment that has seen minimal organic growth[…]
Read more... -
New Coronavirus Outbreak: Marsh Recommends Immediate Steps for Multinationals
News – Insurance Journal Jan 24, 2020 | 09:04 amThe effects on multinational businesses from a potentially worsening Wuhan coronavirus outbreak could be severe, which is why they need to review, test and potentially update plans related to business continuity, crisis management and crisis communications, according to Marsh in[…]
Read more... -
New Jersey Apartment Complex Fire Damages Dozens of Units
News – Insurance Journal Jan 24, 2020 | 08:47 amA fast-moving fire roared through a southern New Jersey apartment complex, damaging dozens of units but causing no injuries, authorities said. The fire broke out late Monday in the Buttonwood Village complex in Gloucester Township. Firefighters battled the blaze for[…]
Read more... -
Philadelphia District Attorney’s Office Charges Insurance Adjuster in $722K Theft
News – Insurance Journal Jan 24, 2020 | 08:44 amThe Philadelphia District Attorney’s Office (DAO) has charged insurance adjuster Michael R. Shelly with insurance fraud, forgery, theft by deception and theft by failure to make required disposition of funds for stealing more than $722,000 from Bridesburg, Penn.-based manufacturer Philly[…]
Read more... -
The Hilb Group Acquires Maryland’s Martens Johnson Insurance Agency
News – Insurance Journal Jan 24, 2020 | 08:38 amThe Hilb Group LLC (THG) has acquired Maryland-based Martens Johnson Insurance Agency Inc. (MJIA). The transaction became effective January 1, 2020. MJIA is a full-service insurance agency focused on the unique needs of the commercial transportation industry in the Maryland[…]
Read more... -
Uber Goes to Washington. Autonomous Cars with Humans to Collect Data inD.C.
News – Insurance Journal Jan 24, 2020 | 08:25 amUber Technologies Inc. will put self-driving vehicles on Washington, D.C. roads Friday with human drivers in control, the ride share company said on Thursday, as it seeks to collect data for future deployment of fully self-driving vehicles. Uber is collecting[…]
Read more... -
Uber in London Failed to Flag Assault Complaints, Monitor Drivers’ Insurance Status
News – Insurance Journal Jan 24, 2020 | 07:37 amLondon’s main transportation regulator has released a scathing document detailing why it moved to ban Uber Technologies Inc. from operating in the city. The regulator lists several safety concerns, including the charge that it didn’t receive proper notification of alleged[…]
Read more... -
Insured Losses from Australia’s Hailstorms Hit US$352.5 Million
News – Insurance Journal Jan 24, 2020 | 07:14 amThe Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by hailstorms that struck eastern Melbourne, the Australian Capital Territory and parts of New South Wales on Sunday and Monday (Jan. 19-Jan. 20). Insured losses from the[…]
Read more... -
As Insurers Pull Back from Australia’s Bushfire Zones, They Could Become Uninhabitable
News – Insurance Journal Jan 24, 2020 | 06:37 amAustralian wildfires that have razed thousands of homes and blackened an area about the size of England may also create the nation’s first climate refugees. That’s the view of Michael Mann, distinguished professor of atmospheric science at Pennsylvania State University,[…]
Read more... -
China’s New Coronavirus Doesn’t Always Cause a Fever so Detection May Be Difficult
News – Insurance Journal Jan 24, 2020 | 06:03 amChina’s new deadly virus is more difficult to contain than other pandemics because those infected may not get a fever, a symptom governments around the world are using to screen for the pathogen. The National Health Commission told local governments[…]
Read more... -
Indonesia to Tighten Oversight of Troubled Insurance Industry as Crisis Continues
News – Insurance Journal Jan 24, 2020 | 02:30 amWith Indonesia’s oldest life insurer tottering on the brink of collapse following years of alleged mismanagement, authorities plan to tighten surveillance of the industry by overhauling regulations and setting up a rescue agency. The government plans to draft an omnibus[…]
Read more... -
Trump OKs North Dakota Storm-Related Disaster Declaration
News – Insurance Journal Jan 24, 2020 | 02:25 amPresident Donald Trump has approved a disaster declaration for North Dakota after an October storm dumped heavy rain and snow on a large part of the state. Gov. Doug Burgum made the request last month and announced Trump had approved[…]
Read more...